Moreira Team Mortgage Blog

Do You Have to Use a Preferred Lender?

Many real estate agents and home builders will offer recommendations for “preferred lenders.” These are lenders who they have worked with… Read More 5 min read

Down Payment Amount for a $400,000 Home?

Ideally, the down payment on any new home purchase should ideally be at least 20%, although recent changes in lending have… Read More 4 min read

How Much is the Down Payment for a $325,000 Home?

Ideally, the down payment on any new home purchase should ideally be at least 20%, although recent changes in lending have… Read More 4 min read

Case Study #11 – Cashout Refinance

The Client Our client wanted to payoff high interest credit cards to increase monthly cashflow and pull extra cash for a… Read More 2 min read

5 Mortgage Tips for First Time Home Buyers

Buying your first home is a very exciting event. It’s what the American Dream is all about. However, it is important… Read More 3 min read

How Much is the Down Payment on a $350,000 Home?

Ideally, the down payment on any new home purchase should ideally be at least 20%, although recent changes in lending have… Read More 4 min read

How Much is a Down Payment for a $225,000 Home?

Ideally, the down payment on any new home purchase should be at least 20%, although recent changes in lending have resulted… Read More 4 min read

How Much Are Closing Costs on a $650,000 House?

Closing cost are various fees associated with the mortgage process. For the most part, you can expect to pay between 2%… Read More 2 min read

How Much is a Down Payment for a $425,000 Home?

Ideally, the down payment on any new home purchase should ideally be at least 20%, although recent changes in lending have… Read More 4 min read

Case Study #10 – VA Cashout Refinance

The Client Client Requirement Using his VA benefits, the client wanted to cashout some equity from his home to consolidate high interest credit card debt and… Read More 2 min read

Case Study #9 – Shorter Term Refinance

The Client Our client came to us wanting to refinance her home with a lower term. Client Requirement The client’s main goal… Read More 2 min read

The Fundamentals of a 80-10-10 Mortgage Explained

A mortgage that allows for the use of two loans to make up 90% of the total price is an 80-10-10… Read More 5 min read

How Much is the Down Payment for a $575,000 Home?

Ideally, the down payment on any new home purchase should be at least 20%, although recent changes in lending have resulted… Read More 4 min read

How Much Are Closing Costs on a $450,000 House?

Closing cost are comprised of a few different fees or taxes associated with the mortgage process. On average, closing costs on… Read More 2 min read

HomeReady® Mortgages Explained

Fannie Mae’s mission has always been to simplify the home-buying process. Its latest weapon in that struggle is the HomeReady® mortgage,… Read More 8 min read

What You Should and Should Not Do When Searching For a Home to Buy

Searching for a home – there is something so exciting about looking for a beautiful home to move into. You can… Read More 4 min read

Case Study #8 – Conventional Loan with 10% Down

The Client Our client came to us wanting to purchase a home with 10% down. Client Requirement The client is a young… Read More 2 min read

How Strong is My Mortgage Pre-Approval?

If you want to buy a property, the first thing that you need to do is get pre-approved for a mortgage.… Read More 5 min read

How Changing Jobs Can Affect Your Mortgage

It can be challenging to navigate the process of moving for a new job, especially when you have a mortgage to… Read More 5 min read

Divorce & Mortgage Your Options During Separation

A common challenge that splitting couples face is divorcing with a mortgage. Divorce is by itself quite complicated and decisions about… Read More 8 min read